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coffeehouse.tpmcafe.com/blog/c...s_money Sirling Newberry has some interesting observations about the USA and money.
"[I]t is that there are two world's of money. Those who are playing with retail dollars piled up from ordinary people, and those playing with hot money from Japan's carry trade and Federvention liquidity, as well as the profits from low, low, no, no taxes on wealth."
The essay is worth a read, but the main reason for posting it here is that Newberry notes that money wonks are thinking and discussing the "meaning of money." Newberry points to Morgan Stanley www.morganstanley.com/views/g...Tue.html
I wonder if any of you have picked up on stories covering the discussion of the meaning of money?
"[I]t is that there are two world's of money. Those who are playing with retail dollars piled up from ordinary people, and those playing with hot money from Japan's carry trade and Federvention liquidity, as well as the profits from low, low, no, no taxes on wealth."
The essay is worth a read, but the main reason for posting it here is that Newberry notes that money wonks are thinking and discussing the "meaning of money." Newberry points to Morgan Stanley www.morganstanley.com/views/g...Tue.html
I wonder if any of you have picked up on stories covering the discussion of the meaning of money?
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